CII: Board resolution
Hochiminh City Infrastructure Investment Joint Stock Company announced Board Resolution dated June 25, 2013 as follows:
1. The Board of Directors defined “unshakeable development” as CII’s key objective. Accordingly, CII will invest and exploit all the life of projects to bring stable revenue and long term. Therefore, CII must (1) have low profits in the coming 3 to 5 years; (2) focus resources to develop new projects, creating premise to exploit stable source of income to next year; (3) ensure to pay principles and interests to debt-holders in full and at due.
2. The Board of Directors approved to set up CII Construction via restructuring its investment in 565 Joint Stock Company and Lu Gia Mechanical Electric Joint Stock Company. CII will be in charge of construction for CII’s projects.
3. The Board of Directors approved to appoint Mr. Truong Khac Hoanh as Deputy CEO of CII as from July 01, 2013.
4. The Board of Directors approved to appoint Ms. Nguyen Quynh Huong as Director of development and capital manager project as from July 01, 2013.
5. The Board of Directors approved to appoint Ms. Nguyen Quynh Huong as director for project development and capital management as from July 01, 2013.
6. The Board of Directors approved to borrow from a foreign bank to re finance Rach Chiec Bridge project with amount $ 49 million in which: the bank will lend $27 million for 03 years and VND460 billion or $22 million for 04 years with floating interest rates.
7. The Board of Directors approved to amend the Company’s regulation.
HOSE
